Bernie Sanders

Subterms

    More stories

    • 175 Shares169 Views

      in US Politics

      ‘They chose the billionaire’: Tim Walz returns to Minnesota as part of redemption tour

      by

      Tim Walz is trying to regroup to help Democrats fight the Trump administration, but he’s still trying to figure out why he and his party lost in November.“I knew it was my job to try and pick off those other swing states, and we didn’t,” he said about the 2024 election. “I come back home to lick my wounds and say, goddamn, at least we won here.”Walz was speaking on Saturday in Rochester, Minnesota – in the district he once represented in Congress, as part of his soul-searching tour around the country after the Democrats’ bruising 2024 defeat.Walz’s tour is part brand redemption, part Democratic catharsis, part rally. He hasn’t ruled out a 2028 run for president, though neither have most 2028 hopefuls.“I thought it was a flex that I was the poorest person and the only public school teacher to ever run for vice-president of the United States,” Walz told a crowd of roughly 1,500 people that filled an auditorium and spilled into an overflow room on a Saturday morning. “They chose the billionaire. We gotta do better.”Many in the crowd remembered when Walz represented them in Congress, and asked him how he would fight against the dismantling of the Department of Education, defend the rights of trans people and build a bigger tent for Democrats.Walz’s town hall was one of many large Democratic events in recent days, proving there’s growing energy for a forceful resistance to the US president. Much bigger crowds have turned up to see Bernie Sanders and Alexandria Ocasio-Cortez on a “stop oligarchy” tour. People have also filled town halls around the country to tell their elected officials how they’re affected by government cuts and policy changes. But where the energy goes remains to be seen.It’s clear Walz still captures the attention of a rightwing outrage machine. He chided Fox News and other pundits during an appearance on Gavin Newsom’s podcast, saying they made fun of him for drinking from a straw and don’t think he’s masculine enough, but he could “kick their ass”. Fox host Jesse Watters then railed against the clip and detailed things men shouldn’t do, like eat soup in public.Trump called Walz a “loser” on Friday. “He lost an election. He played a part. You know, usually a vice-president doesn’t play a part … I think he was so bad that he hurt her.”At a prior rally in Wisconsin, Walz mocked Tesla, saying he watches the falling stock to get a “little boost” each day, leading to condemnation on the right. “Sometimes when I need a little boost, I look at the @JDVance portrait in the White House and thank the Lord,” Musk wrote on Twitter/X.At the Saturday town hall, Walz took aim at Musk. “This guy bugs me in a way that’s probably unhealthy,” he said.“They’re all butthurt about the Tesla thing, but they don’t care about the disrespect they have shown to employees at the Minneapolis VA who care for our veterans, and they fire them. They don’t care,” Walz said.Walz held the rally in a region of Minnesota where the congressman, Brad Finstad, is one of many Republicans who haven’t held in-person town halls. Republicans who have hosted events in recent weeks have experienced heated pushback. Signs outside the venue, John Marshall high school, showed Finstad’s face in black and white and said “Missing Congressman”. Finstad told the Rochester Post-Bulletin he wouldn’t commit to hosting an in-person event, but had held tele-town halls.“I find it funny because Governor Walz, in the seven years of being governor, has not held one town hall, and now he’s claiming to be the king of town hall,” Finstad said. “This is a Democrat-hosted political comeback for Governor Walz. Well, let him scream at the bully pulpit.”During the rally, Walz said Finstad should take notice. “If you’re a sitting member of Congress in the biggest city in your district, and you see 1,300 people on a nice Saturday coming out here, it catches your attention, trust me,” he said.Thinking about the path forward for Democrats, Walz acknowledges he doesn’t have a solid answer, but said Democrats need to do better at articulating their values and the ways their policies would improve people’s lives. He likes the idea of a “shadow cabinet”, borrowing a UK tradition where opposition parties have their own versions of cabinet members to speak out against the ones in power.He also said Democrats shouldn’t let Republicans capture the narrative on issues like trans rights.“To be honest with you, there’s a lot of people who are squishy about this and are willing to say, look, it’s a pretty small number of people,” Walz said. “That’s a dangerous road to go down, because pretty soon you’re part of the group that’s a pretty small number of people.”He sees the Trump administration as an “existential threat” that will chip away at programs such as social security, but wonders how Democrats aren’t able to message these popular, middle-class issues against oligarchs. “How did this happen?” he pondered.Once Democrats get back in office, it’s time to shore up the programs they want to protect, he said.“Donald Trump is on his revenge and retribution tour,” he said. “Well, I said I’ll be on one, too. I’m going to bring revenge just raining down on their heads with their neighbors getting healthcare. They’re gonna rue the day when we got re-elected because our kids with special needs are going to get the care that they need.” More

    • 163 Shares199 Views

      in US Politics

      Bernie Sanders, Alexandria Ocasio-Cortez and the courage to brawl for the working class

      by

      Bernie Sanders is not running for president. But he is drawing larger crowds now than he did when he was campaigning for the White House.The message has hardly changed. Nor has the messenger, with his shock of white hair and booming delivery. What’s different now, the senator says, is that his fears – a government captured by billionaires who exploit working people – have become an undeniable reality and people are angry.“For years, I’ve talked about the concept of oligarchy as an abstraction,” Sanders, an independent who votes with Democrats and twice sought the party’s presidential nomination, said in an interview after a joint rally in Tempe, Arizona, with the New York representative Alexandria Ocasio-Cortez. The Vermont senator recalled Donald Trump’s inauguration, when the three wealthiest people on the planet – Elon Musk, Jeff Bezos and Mark Zuckerberg – were seated in front of his cabinet nominees in what many viewed as a shocking display of power and influence.“You gotta be kind of blind not to understand that you have a government of the billionaire class, for the billionaire class, by the billionaire class,” he said. “And then, on top of all that, you’ve got Trump moving very rapidly toward an authoritarian form of society.”Two months after Trump was sworn in for a second term, Democratic activists and an increasingly vocal chorus of voters say they are terrified, angry and desperate for leadership. In something of a third act, the 83-year-old democratic socialist is stepping in to fill the void.But his aim is not only to revive the anti-Trump resistance movement – he wants a bottom-up overhaul of the American political system.“It’s not just oligarchy that we are going to fight. It’s not just authoritarianism that we’re going to fight,” Sanders told an arena full of supporters at Arizona State University on Thursday night. “We will not accept a society today in which we have massive income and wealth inequality, where the very rich have never done better while working families are struggling to put food on the table.”For weeks, voters have been showing up at town halls to vent their alarm and rage over the president’s aggressive power grabs and the Musk-led mass firings of federal workers. But they are also furious at the Democratic leadership, charging that their party spent an entire election season warning of the threat Trump posed to US democracy, and yet now appeared either unable or unwilling to stand up to him.At the rally in Tempe, several attendees demanded more defiance.“Them just holding paddle boards up and staying quiet or wearing pink blazers is not enough,” said Alexandra Rodriguez, 20, of Mesa, referring to the Democrats’ acts of protest during Trump’s address to Congress earlier this month. “I think they do need to be willing to go to extremes.”They also expressed outrage at the Senate minority leader, Chuck Schumer, who, faced with what he called a “Hobson’s choice” between supporting a Republican-authored funding bill or inciting a government shutdown, wrangled a coalition of Democrats to pass the spending measure. The decision has unleashed a torrent of anger from his party’s base, forcing him to postpone a book tour as he defends himself against calls to step down as leader. On Sanders and Ocasio-Cortez’s western tour, the New York representative was interrupted by intermittent calls to “Primary Chuck!”“This isn’t just about Republicans, either. We need a Democratic party that fights harder for us, too,” Ocasio-Cortez said in Arizona, drawing some of the loudest, most sustained applause of the evening. She urged the crowd to help elect candidates “with the courage to brawl for the working class”.Democrats “absolutely need to get stronger”, Audree Castro, 52, said as she waited with her mother and aunt to enter the venue on Thursday night. “I want my democracy back.”In recent weeks, Democrats have sought to capitalize on the bubbling backlash to the disorienting opening months of Trump’s second term. Following Sanders’ lead, many Democrats are hosting town halls in Republican-held districts to draw attention to Musk’s slash-and-burn cost-cutting project and Republican proposals that would almost certainly result in cuts to social safety net programs.Robbie Lambert, 70, a retired special education teacher, said keeping up with the turmoil in Washington was beginning to feel like a full-time job. Just that afternoon, Trump had signed an executive order aimed at dismantling the Department of Education.“You feel helpless. It’s like, what can we do?” said Lambert, who was on vacation in Arizona and decided she had to attend the Tempe rally. “Coming together, talking with people here, makes you feel like you’re doing something.”The Arizona representative Yassamin Ansari, who attended Thursday’s rally, said she had been hearing similar calls for action from constituents across her district this week, including at an event with LGBTQ+ business leaders and an at-capacity town hall, where several people shared that it was the first political event they had ever attended.“People are really fed up,” Ansari said in an interview.For now, at least, Sanders and Ocasio-Cortez are the most prominent Democrats offering both a strategy to confront Trump and an alternative vision for the party.In 2024, Democrats lost support among young people and Latino voters – core constituencies – and recent polling found that the party’s popularity is at an all-time low. Few Democrats disagree that their party needs to course-correct, but how and to what degree remains a topic of intense debate.Supporters say the success of Sanders’ tour, which began last month in Omaha, Nebraska, is a clear sign that Democrats want the party to aggressivelyfight what they view as Trump’s encroaching authoritarianism – not “roll over and play dead”, as veteran strategist James Carville suggested in an op-ed. They also view it as an endorsement of Sanders’ policy agenda, arguing that his brand of economic populism is the right match for this turbulent political moment.According to a memo by Sanders’ longtime adviser, Faiz Shakir, the senator has raised more than $7m from more than 200,000 donors since February, and is drawing crowds 25% to 100% larger than at the height of his presidential campaigns in 2016 and 2020. On Friday, more than 30,000 people attended a rally in Denver – the largest audience Sanders has ever drawn, his team said.“We’re living in an intensely populist moment right now,” Shakir wrote. “It’s not ‘left versus right’. It’s ‘very top versus everyone else’.” The title of his memo: “It’s a populist revolt, stupid.”The joint appearance by the 35-year-old New York representative and the Vermont senator who she has said inspired her to run for office naturally raised the question: is Ocasio-Cortez the heir to the progressive movement Sanders has been building since before she was born? Several rally-goers in Tempe believed she had the potential to lead the party – and perhaps even the country.“When AOC has something to say, I listen,” said Jonas Prado, 32, a first responder.“I hope she’s the first woman president,” said Norman Ellison, 60, a mechanical engineer.There was also a tinge of wistfulness in the arena. Supporters dressed in old campaign t-shirts and hats and one person sported a pin that said, “Bernie was right.”Sanders, who has all but ruled out a third run for president, was in vintage form, delivering a blistering, 50-minute critique of the “top 1%” with the moral ferocity that has long endeared him to legions of politically disaffected supporters.The senator named names, accusing executives from the fossil fuel, insurance and pharmaceutical industries of being “major criminals”, while sharing stark statistics on wealth inequality in the US that elicited boos and gasps from the audience. At one point, Sanders cited an analysis released by his Senate committee that found the wealthiest Americans live an average of seven years longer than poorer Americans.“In other words, being working class in America is a death sentence,” he bellowed.Ocasio-Cortez’s opening remarks were no less visceral. She charged that Trump and Musk, his billionaire lieutenant, were “taking a wrecking ball to our country” and “screwing over” working people. “We’re gonna throw these bums out,” she declared.While both Sanders and Ocasio-Cortez share a political vision, their double act showcased the distinct styles of two progressive leaders at opposite ends of their career arcs.Ocasio-Cortez offered a more personal touch, weaving elements of her biography into her speech – something Sanders is typically loath to do. She spoke of her mother, who cleaned homes, and her father, whose death from a rare form of cancer plunged the family into economic uncertainty.“I don’t believe in healthcare, labor and human dignity because I’m an extremist,” she said, pushing back on the rightwing caricature of her. “I believe in these things because I was a waitress.”She said she empathized with Americans who felt overwhelmed and demoralized, and encouraged them not to give in to despair. “We won’t do that,” someone in the crowd yelled.When the event concluded, Sanders and Ocasio-Cortez left the arena to address an overflow crowd that hadn’t been able to get in.“This is where the future is,” said Sebastian Santamaria, 25, gesturing toward the empty podium adorned with a “Fight Oligarchy” placard. “As a person who has supported Democrats in the past, I don’t want to keep supporting you if it doesn’t look more like this.” More

    • 125 Shares169 Views

      in US Politics

      Bernie Sanders dismisses Republicans’ ‘horrific’ calls for Zelenskyy to resign

      by

      Independent US senator Bernie Sanders has dismissed as “horrific” claims that Ukraine’s president Volodymyr Zelenskyy may have to resign after a diplomatic meltdown in the Oval Office with Donald Trump.Sanders’ comments, in an interview with NBC’s Meet The Press on Sunday morning, served as a retort to pro-resignation remarks from his fellow US senator Lindsey Graham, which in turn had been affirmed by the Republican House speaker Mike Johnson.“I think that is a horrific suggestion,” Sanders told NBC’s Kristen Welker in the interview. “Zelenskyy is leading a country, trying to defend democracy against an authoritarian dictator, [Vladimir] Putin,” the Russian dictator whose forces invaded Ukraine in February 2022.“I think millions of Americans are embarrassed, are ashamed that you have a president of the United States who says Ukraine started the war, that Zelenskyy is a dictator,” Sanders continued, referring to Trump. “He’s got it exactly backwards.“The people of Ukraine have lost tens of thousands of soldiers, their cities are being bombed as we speak. Our job is to defend the 250-year tradition that we have of being the democratic leader of the world, not turn our backs on a struggling country that is trying to do the right thing.”The comments from Johnson came after Zelenskyy’s contentious meeting on Friday at the White House with Trump and JD Vance. As part of a deal with the US involving minerals in Ukraine, Zelenskyy had sought security guarantees from the US as Ukraine defended itself from Russia’s invasion. That prompted the US vice-president to accuse Zelenskyy of not being grateful enough for US aid – and for the US president to ask Zelenskyy to leave the White House without the minerals deal being signed.Trump is the not first US president during Ukraine’s war to accuse him of being ungrateful for the US military’s assistance.In October 2022, citing four sources familiar with the exchange, NBC News reported that then president Joe Biden lost his temper in a phone call with Zelenskyy in which he told Zelenskyy he had authorized another $1bn in assistance for Ukraine – to which Zelenskyy responded by listing the additional help he needed.NBC reported that Zelenskyy issued a statement praising the US for its aid after that call with Biden. And, in an Twitter/X post on Saturday, Zelenskyy thanked the US and Trump “for all the support … during these three years of full-scale invasion”.Nonetheless, on ABC’s This Week on Sunday, US secretary of state Marco Rubio accused Zelenskyy of undermining Friday’s talks by failing to “contain himself” trying to “Ukraine-splain on every issue”.“I hope this could all be reset,” Rubio said.Meanwhile, on Meet the Press on Sunday, Johnson told host Kristen Welker that “something has to change” with Zelenskyy.“Either he needs to come to his senses and come back to the table in gratitude or someone else needs to lead the country to do that,” Johnson said.Johnson claimed Zelenskyy should have shown gratitude and thanks to the US in the meeting and argued the push for US mineral rights in Ukraine as part of a peace agreement is “a win for everyone” that will give the US minerals it needs and Ukraine a level of security.On CBS’s Face the Nation, Johnson’s fellow Republican congressman Mike Turner, the chairperson of the House intelligence committee, added: “Instead of taking that win, Zelenskyy turned it into a debate on American security guarantees [on the] peace negotiations.”Turner also said: “[Zelenskyy] needs to not have this precondition of American security guarantees, which are not coming.”The derailed meeting incited pro-Ukraine protests around the US. And leaders across Europe, along with the prime ministers of Canada, Australia and New Zealand, posted messages of support for Ukraine.skip past newsletter promotionafter newsletter promotion“For three years now, Ukrainians have fought with courage and resilience. Their fight for democracy, freedom and sovereignty is a fight that matters to us all,” Canadian prime minister Justin Trudeau wrote on X after the White House meeting. “Canada will continue to stand with Ukraine and Ukrainians in achieving a just and lasting peace.”Only 4% of Americans say they support Russia in its invasion of Ukraine, according to the results of a CBS poll published on Sunday.Notably, though, only a slim majority of Americans say they support Ukraine: 52%. And a large minority – 44% – say they do not support either Russia or Ukraine.Speaking to Face the Nation on Sunday, Democratic US senator Mark Kelly of Arizona said Zelenskyy was “cornered” and “bullied” in the Oval Office on Friday during what was “a sad day for our country”.“It was a dumpster fire of diplomacy,” Kelly said.Alaska’s Lisa Murkowski was one Republican US senator who condemned the Trump administration over the way Friday’s meeting with Zelenskyy unfolded.In an X post, she called the meeting a “shocking conversation”.“I know foreign policy is not for the faint of heart, but right now, I am sick to my stomach that the administration appears to be walking away from our allies and embrace Putin, a threat to democracy and US values around the world.”Republican US senator James Lankford, for his part, said he disagreed with calls for Zelenskyy to resign.“I’m not interested in calling on the resignation of other world leaders,” Lankford told Meet the Press. “Quite frankly, I think that would spiral Ukraine into chaos right now.” More

    • 150 Shares99 Views

      in US Politics

      We are on the road for democracy and justice | Bernie Sanders

      by

      I will be doing town meetings in Omaha, Nebraska, this Friday night and Iowa City, Iowa, on Saturday morning. Further, in the coming weeks and months, I and other progressives will be holding grassroots events from coast to coast.Why, at this moment, are we doing town meetings around the country – especially in conservative areas? The answer is obvious.Trumpism will not be defeated by politicians inside the DC beltway. It will only be defeated by millions of Americans, in every state in this country, coming together in a strong, grassroots movement which says no to oligarchy, no to authoritarianism, no to kleptocracy, no to massive cuts in programs that working people desperately need, no to huge tax breaks for the richest people in our country. And that’s what these events are about.Further, there are a number of congressional districts where Republicans won by only a small number of votes. With the Republican party in the House having only a three-vote majority we can defeat draconian, anti-working-class legislation if just two Republican members of Congress vote no. And they will vote no if we rally their constituents to demand that they vote no.Can Trumpism be defeated? Absolutely! But, if we’re going to make that happen, we need to know exactly what we’re up against and how we can best go forward. Here’s just some of what we need to know:Trumpism has an unlimited amount of money to throw into its efforts. Elon Musk, the wealthiest man on earth, put more than $270m into Trump’s campaign, a tiny portion of his fortune. Other multibillionaires will join Musk in spending whatever it takes.Trumpism has significant control over large parts of the media from which millions of Americans get their information. Fox and Musk’s platform X, among others, are not normal media outlets. Their basic function is not to cover the “news” but to spread rightwing extremist ideology.Trumpism is utilizing the concept of the “big lie” in a way that has never, in this country, been seen. Day after day, blatantly dishonest statements and conspiracy theories are propagated – and repeated over and over and over again.Trumpism does not believe in democracy or the rule of law. Trump recently posted: “He who saves his Country does not violate any Law.” In other words, Trump believes that he can do anything he wants for any reason. He can ignore Congress or the courts. He is above the law.But, while Trump consolidates power into his own hands, there is another reality going on.Today, 60% of Americans live paycheck to paycheck; millions are earning starvation wages; 85 million are uninsured or under-insured; young people are unable to afford the cost of college; 25% of seniors live on $15,000 a year or less; we have the highest rate of childhood poverty of almost any major country on earth, and we have a major shortage in low-income and affordable housing.Oh, and by the way, we’re losing the struggle against the climate crisis – an existential threat to the future of the planet.And here’s the kicker. While Trump moves us away from democracy, while the middle class continues to decline, the wealthiest people in the country have never ever had it so good. Today, the three major oligarchs, Musk, Jeff Bezos and Mark Zuckerberg, are worth $905bn – that is more wealth than the bottom half of American society – 170 million people. And, incredibly, since Trump’s election their wealth has grown by $217bn.Our struggle, the American people’s struggle, is to protect democracy and the rule of law. Equally important, we must end oligarchy and create an economy that works for all, not just the few. We are the wealthiest country on earth and AI, robotics and other new technologies will only make our country wealthier. It is absurd, unjust and inhumane that virtually all of that new wealth being created goes to the people who need it the least.While Trump now “floods the zone” and occupies most of the political oxygen, it is imperative that we never lose sight of the progressive vision – a nation and world based on human cooperation and compassion, not greed and a “survival of the fittest” mentality. What we are fighting for is not “utopian”, or unachievable. Much of it already exists in other countries, and poll after poll shows that it is exactly what the American people want.In the richest country in the history of the world we must establish that:

      Healthcare is a human right and must be available to all regardless of income.

      Every worker in America is entitled to earn a decent income. We must raise the minimum wage to a living wage and make it easier for workers to join unions.

      We must have the best public educational system in the world, from childcare to vocational training, to graduate school – available to all.

      We must address the housing crisis and build the millions of units of low-income and affordable housing that we desperately need.

      We must create millions of good paying jobs as we lead the world in combating the existential threat of climate change.

      We must abolish all forms of bigotry.
      Not only must we continue to fight for a nation based on the principles of economic, social, racial and environmental justice, we must also lead the effort against Trump‘s reactionary legislative agenda.In the coming weeks the Republicans in Congress will be bringing forward a major piece of legislation, a “reconciliation” bill, that encapsulates the value system of greed and their obedience to oligarchy. It is the economic essence of Trumpism.At a time of unprecedented income and wealth inequality, this legislation will provide trillions of dollars in tax breaks to the richest people in our country. It will make the rich even richer. At a time when the working class of this country is struggling to put food on the table and pay for housing, this legislation will make savage cuts to Medicaid, housing, nutrition, education and other basic needs. It will make the poor even poorer.We cannot allow this to happen. This legislation is enormously unpopular. It is exactly what the American people do not want. It must not be passed by Congress.It must be defeated and we can defeat it.This is a perilous moment in American history. Let us go forward together.

      Bernie Sanders is a US senator, and chair of the health education labor and pensions committee. He represents the state of Vermont and is the longest-serving independent in the history of Congress More

    • 138 Shares109 Views

      in US Politics

      ‘It’s a constant weight’: Americans struggle with record credit card debt

      by

      US credit card debt reached a record $1.17tn in the third quarter of 2024, growing from $770bn in the first quarter of 2021 and the share of active credit card holders making just minimum payments rose to 10.75%, the highest percentage ever in data going back to 2012.The Guardian spoke with individuals around the US about their experiences and issues with credit card and other personal debt. They requested to remain anonymous for privacy concerns about personal finances.Angela, a 42-year-old teacher in Virginia, explained she and her husband had struggled with paying off about $20,000 in credit card debt accrued mostly from paying medical bills not covered by her health insurance from infertility issues.“The medicines, procedures, and travel all hit us hard,” she said. “It just piles up and it piles up and you have to miss a payment because something else in life happens, and or you don’t make the payment you want to make, and it just starts to kind of snowball on you.”The debt has made it difficult to save anything and is always looming on her.“It’s a constant weight in the back of my mind which clouds all my little joys,” said Angela. “With inflation, cost of living rising, and life, I have struggled to pay down the debt. We do less, stress about what we can spend on or can afford.”A 54-year-old woman in Ohio said she lost her job in 2024 and was not approved for unemployment benefits because she was classified as a subcontractor, adding to debt she already had from medical bills and home repairs.“I’m now unable to pay them, and I can’t find a job due to a tight market and most likely age discrimination,” she said. “My debt has escalated to the equivalent of half my typical annual income. This and the inability to find a job have left me with no choice but to remain in a very unhappy, toxic, romantic relationship.”A 35-year-old software engineer in Los Angeles, California, said she accrued significant personal debt putting herself through engineering school at the age of 29, but despite making a salary of over $100,000 a year, she still struggles with paying it off and keeping up with bills.“I’m now facing huge interest rates and can barely pay down principal balances,” they said. “Student loans only covered my rent. If additional student loans existed for people in situations like mine, I wouldn’t have needed to charge so much to my credit cards.”This week the senators Bernie Sanders and Josh Hawley introduced a bill to cap credit card interest rates to 10% for the next five years, which Trump has claimed he would support. The average credit card interest rate is 28.6%, despite banks being able to borrow from the Federal Reserve at less than 4.5%.About 82% of all US adults have at least one credit card, with the average about four credit cards per US consumer, according to Experian, and the average household has over $21,000 in credit card debt.A 69-year-old retiree in Moody, Alabama, said she lived check to check on social security and had had no choice but to rely on credit card debt for food, bills and other living expenses.“I am constantly stressed about money,” she said, adding it had created anxiety, depression and sleeping issues.A 47-year-old teacher in Mesa, Arizona, said he had fallen into debt trying to provide for a family of four, and covering the funeral costs for his mother, even as he said he had been “working my car to the bone for gig work to pick up the slack”.A 72-year-old in California said she only made a little over $1,200 a month from social security, but more than half of it went toward a debt consolidation payment.“Money is always an issue with me, I’m currently keeping my debt at bay with loans out of what little I have for retirement, but still losing about half my monthly income to debt repayment that I wish I could be saving for a home.”A 53-year-old in Connecticut explained he had fallen into significant credit card debt after losing his small business due to the pandemic shutdowns, from barely ever using credit cards to maxing out several, even after finding a job, which was difficult at his age.“The pay was a fraction of what my business was pulling in and at this point, I maxed out the credit cards as I didn’t have a lot of credit on them to begin with. I have since taken out two personal loans and got a third credit card. All of them are maxed out,” they said. “I’ve gained 60lb, my hair has been falling out, and I can’t sleep more than four hours a night.”Money owed on revolving debt grew 52.5% to $645bn, from a decade low of $423bn in second quarter 2021, according to a report by the Philadelphia Federal Reserve.Twenty-three per cent of Americans with less than $25,000 annual income have no bank account. Forty-six per cent of Americans with annual incomes between $50,000 and $99,999 carried a credit card balance, while low-income Americans were more likely to predominantly use buy now, pay later, payday or pawn shop loans, with average annual interest rates of payday loans at 400%, with many much higher.According to data from the US Federal Reserve, 6% of Americans used a payday loan in 2023, up 1% from 2022, with users more likely to be low-income, Black and Hispanic adults, and adults with a disability.David, a 57-year-old gig worker and educator in Philadelphia, Pennsylvania, said he first took out a payday loan about six years ago when he lived in Oklahoma and had just started a new job and needed a loan to bridge the gap between paychecks.He said he was offered more money for the loan than he asked for, and as he made payments, the lender frequently offered to extend him more credit.“They report every late payment, every non-payment to the collection agencies, and I got into a merry-go-round, in over my head, and it wrecked my credit score,” said David. “There’s no negotiating, settling, or anything like that with payday lenders.”He said the collection tactics included calling his place of employment, calling the references on his initial loan application, to demand payment from him, which continued to grow with high interest rates and added fees. The length of time and impact it had on him had given him major depression and suicidal thoughts, he said.“They’re so predatory on very vulnerable people,” he added. “I can’t even get my own apartment without a co-signer. It’s just humiliating.” More

    • 175 Shares139 Views

      in US Politics

      Ro Khanna: Brian Thompson killing was ‘horrific’ but people ‘aren’t getting care they need’

      by

      Progressive congressperson Ro Khanna has sympathy for murdered UnitedHealthcare CEO Brian Thompson – yet at the same time is not surprised that the killing reignited a national dialogue about inequities in the US healthcare system, he said in an interview Sunday.“It was horrific,” the California Democrat said on ABC This Week with respect to the slaying of Thompson, whose survivors include his widow and two sons ages 16 and 19. “I mean, this is a father we’re talking about – of two children, and … there is no justification for violence.“But the outpouring afterwards has not surprised me.”Khanna told the show’s host, Martha Raddatz, that he agreed with fellow liberal and US senator Bernie Sanders when he wrote recently on social media: “We waste hundreds of billions a year on health care administrative expenses that make insurance CEOs and wealthy stockholders incredibly rich while 85 million Americans go uninsured or underinsured. Health care is a human right. We need Medicare for all.”“After years, Sanders is winning this debate,” Khanna said, referring to the Vermont senator’s support for a single-payer national health insurance system seen in other wealthy democracies.While police have stopped short of offering a possible motive behind Thompson’s 4 December shooting death, the apparent targeted nature of the attack – as well as shell casings found at the scene of the killing displaying the words “delay”, “deny” and possibly “depose” have suggested it was maybe linked to the largely privatized US healthcare industry’s routine denial of payments to many Americans.Healthcare debt has emerged as a leading cause of bankruptcy in the US while for-profit health insurers such as UnitedHealthcare are among the country’s richest companies. Thompson, 50, who lived near UnitedHealthcare’s headquarters in Minnesota, commanded a salary of $10m annually before a gunman wearing a mask shot him dead outside a hotel in Manhattan as he prepared to attend a meeting with investors of his company.Many greeted news of Thompson’s death not with sympathy but with mockery. A widely shared example of the sentiment was a social media post from Columbia School of Social Work’s Anthony Zenkus, which read: “Today, we mourn the death of United Healthcare CEO Brian Thompson, gunned down…. wait, I’m sorry – today we mourn the deaths of the 68,000 Americans who die needlessly each year so that insurance company execs like Brian Thompson can become multimillionaires.”Khanna on Sunday said his status as a member of the US House has not immunized him from absurd insurance battles.skip past newsletter promotionafter newsletter promotionThough he acknowledged it paled in comparison to people with cancer, heart disease and diabetes being denied coverage while they battle for their lives, Khanna said: “I, as a congressperson had UnitedHealthcare deny a prescription for a nasal – a $100 pump spray, and I couldn’t get them to reverse this. So imagine what ordinary people are dealing with.”Khanna said some modest steps that the US could take to begin addressing healthcare inequities in the country is to cap out-of-pocket costs while also requiring the private insurers relied on by many Americans “to cover anything” that Medicare would.Medicare is the public US health insurance program for those older than 65 and people who are disabled.“We have to understand people with cancer, with heart disease, with diabetes, with insurance aren’t getting the care that they need. They’re getting stuck with huge medical bills.” More